Developments in the Luxembourg Financial Sector

October 01, 2015

The Luxembourg government has brought to Parliament a bill of law transposing UCITS V into Luxembourg’s UCI Law and AIFM Law. Further, the Luxembourg CSSF published a new version of its AIFMD Frequently Asked Questions, among other matters clarifying the definitions of “marketing” and “reverse solicitation” from a Luxembourg perspective. In another development, the Luxembourg “FATCA Law” recently came into effect, with an impact on covered institutions pursuant to the provisions of the law itself as well as the relevant guidance.

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